Iren
Iren Plans to Sell Up to $2.3 Billion of Convertible Notes, Shares Drop
The company also plans to sell shares to fund the repurchase of existing debt.
IREN Stock Could Soar Nearly 500% by 2028 on Microsoft AI Deal, Says Cantor
IREN has joined the ranks of large-scale "neocloud" providers, said analyst Brett Knoblach, adding credibility to the company’s ambitions to scale to $18.6 billion in annual revenue across its Texas and Canadian sites.
Crypto Equities Move Higher Pre-Market, But There’s a Twist
Bitcoin leads gains above $106,000, yet a CME gap hints at potential short-term volatility.
Microsoft Deal Supercharges IREN’s AI Ambitions, Canaccord Says
The broker reiterated its buy rating on the stock while raising its price target to $70 from $42.
Bitcoin Miner IREN Posts Record First-Quarter Earnings, Looks to Growth in AI
The company is targeting $3.4 billion in AI Cloud ARR by end of 2026 with expansion to 140,000 GPUs and strengthened financing position.
Wall Street's Biggest IREN Bull Hiked Price Target to $142 After $9.7B Microsoft AI Deal
The bitcoin miner turned AI infrastructure play received three price target raises following yesterday's news, including from Bernstein, which lifted to $125.
IREN Soars 30% After Inking $9.7B AI Cloud Deal With Tech Giant Microsoft
The deal is indicative of how miners’ once-volatile hardware fleets are increasingly viewed as strategic compute assets, bridging the gap between blockchain and AI.
Debt-Fueled AI Pivot Puts Bitcoin Miners to the Test
Record debt and convertible note issuances signal a strategic shift as miners chase growth beyond bitcoin, but execution risk and revenue generation now take center stage.
IREN and WULF Shares Jump as Companies Launch Billion Dollar Debt Deals
Both companies unveil major note offerings to strengthen balance sheets and accelerate growth in data center and computing infrastructure
Bitcoin Miner IREN's AI Pivot Earns $100 Price Target at Cantor Fitzgerald
"While shares have done well over the expectation that IREN will entirely focus on its GPU cloud, we continue to believe there is more room to run," said analyst Brett Knoblauch.
